You are ready to retire. a glance at your 401k statement, Ask an Expert

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problem: You are ready to retire. A glance at your 401(k) statement specifies that you have $750,000. If the funds remain in an account earning 9.0 percent, how much could you withdraw at the starting of each year for the next twenty-five (25) years?

[A] $35,830

[B] $2,500

[C] $55,620

[D] $70,050

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M921184

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